Bank Of Iwate Watchlist
JAPAN ACTIVISM: Silchester Goes After Bk of Iwate - Cheaper Than Chips
224 Views, 09 May 2022 09:14
- Silchester has written letters to four Japanese regional banks where they hold large stakes asking for higher dividends and payout ratios. It has proposed a special div AGM agenda item.
Bank Of Iwate (8345 JP) is nearly 40% held by cross-holders and government-affiliated entities, and Real World Float is less than 50%. Winning at the AGM is tough.
- The collection of banks is mixed. But this one is cheap. Cheap as chips. Or cheaper.